At the 10th UK-Singapore Financial Dialogue, the Monetary Authority of Singapore (MAS) and the UK’s Financial Conduct Authority (FCA) have discussed the adoption of AI in the financial services sector, including current trends, emerging use cases, barriers to adoption, and their respective approaches to AI regulation. Moreover, the FCA and MAS agreed to develop a joint collaboration on AI, focusing on sharing innovative AI solutions and holding discussions on cross-border AI developments.
Click here for the official article/release
Disclaimer
The Legal Wire takes all necessary precautions to ensure that the materials, information, and documents on its website, including but not limited to articles, newsletters, reports, and blogs (“Materials”), are accurate and complete. Nevertheless, these Materials are intended solely for general informational purposes and do not constitute legal advice. They may not necessarily reflect the current laws or regulations. The Materials should not be interpreted as legal advice on any specific matter. Furthermore, the content and interpretation of the Materials and the laws discussed within are subject to change.
The post UK and Singapore collaborate on AI for digital finance first appeared on The Legal Wire.